Word: vasella
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...DANIEL VASELLA by Unmesh Kher...
...executive pay packages at British group HBOS, nearly 50% voted no at BAE Systems, and U.K. Trade and Industry Secretary Patricia Hewitt began investigating ways to limit executive compensation. This despite the fact that most European execs earn a pittance compared to their American cousins: Novartis' respected CEO Daniel Vasella took a top spot on Europe's pay charts by earning $14.9 million last year - less than the U.S. average and under one-fifth of what disgraced Tyco CEO Dennis Kozlowski earned. That's because European shareholders and unions have long campaigned against corporate excess. But with stock prices falling...
...July cover story in TIME Global Business profiled the highly competitive, Harley-riding CEO of Novartis, Daniel Vasella, and his plans for continued expansion of the Swiss pharmaceutical giant, despite the troubles facing the drug industry. Since then Vasella has led two big growth-enhancing initiatives. He and his scientists persuaded the U.S. Food and Drug Administration to reverse its previous rejection of Zelnorm, a potential blockbuster remedy for sufferers of irritable-bowel syndrome--a condition for which there are few other treatments. Vasella also paid $876 million to acquire Slovakian pharmaceutical company Lek, the maker of such generic drugs...
...dinner, Novartis CEO and Chair Daniel Vasella spoke about the importance of collaboration between the research capacities of universities and the real-world products of the new facility...
...This is a premier academic environment,” said Vasella. “We looked at Europe and the U.S. and the East Coast and the West Coast, and Boston was the best location...